Packaging Corporation of America $PKG Shares Sold by Atwater Malick LLC

Atwater Malick LLC trimmed its stake in Packaging Corporation of America (NYSE:PKG) by 53.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,475 shares of the industrial products company’s stock after selling 8,481 shares during the quarter. Atwater Malick LLC’s holdings in Packaging Corporation of America were worth $1,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bruce G. Allen Investments LLC boosted its position in shares of Packaging Corporation of America by 72.2% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 57 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in Packaging Corporation of America during the second quarter valued at about $33,000. Geneos Wealth Management Inc. boosted its holdings in shares of Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after buying an additional 57 shares during the period. Global Wealth Strategies & Associates purchased a new position in shares of Packaging Corporation of America in the third quarter worth approximately $44,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Packaging Corporation of America in the second quarter worth approximately $44,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Corporation of America Stock Performance

PKG stock opened at $206.87 on Thursday. The firm has a 50 day moving average of $201.74 and a two-hundred day moving average of $204.39. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $242.68. The company has a market capitalization of $18.61 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 1.60 and a beta of 0.88. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.10). The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.29 billion. Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.72%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. As a group, equities analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, December 15th will be given a $1.25 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. Packaging Corporation of America’s payout ratio is currently 50.56%.

Wall Street Analyst Weigh In

PKG has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Zacks Research downgraded Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. UBS Group upped their price target on Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Wells Fargo & Company upgraded Packaging Corporation of America from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $222.00 to $233.00 in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $235.33.

Packaging Corporation of America Company Profile

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.